Looking at a chart of one currency pair doesn’t always show you currency strength.

It EURUSD is going up, it doesn’t automatically mean that the EUR is “strong”. it might be “flat” and the USD is “weakening”. It might be that both are “Weakening” but the USD ROC is faster than the weakening EUR.

So absolute currency strength should be measured…[Read more]

In order to avoid lagging by introducing MA’s – we can start by measuring actual “true move” in the related currency pairs.

For example:

For USD, the related pairs are EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD (??? NZD has the least market share).

For those we measure the movement only from Open to Close – but in a RELATIVE manner,…[Read more]

In order to avoid lagging by introducing MA’s – we can start by measuring actual “true move” in the related currency pairs.

For example:

For USD, the related pairs are EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD (??? NZD has the least market share).

For those we measure the movement only from Open to Close – but in a RELATIVE manner,…[Read more]

This is an interesting topic too.. I have been thinking about how they might be manipulating the markets. I don’t have any buddies that work at any big banks so I have no idea. But I was thinking that if I had the money to be able to manipulate markets the way I would do it might be in the following way. If I need to buy 100 million EUR with my…[Read more]

Thanks for the encouragement Kiads 
You have done some amazing work with that EA of yours. Is that using an indicator that you made?

Bull bear strength I determine from the candles and not with an indicator, so naked candle chart to be exact i guess.. I use trend-lines and I circle areas of strength but that alone proved to be superior than all the indicators I have used based on my own person experience and based on my personality I just didn’t find a good indicator af…[Read more]

In order to be truly predictive, and not rely on price-action, you should ask yourself:

What are the most earliest signals that a currency is strengthening (or getting weaker)?

We don’t need ALL the obvious signs (too late and not predictive), just the 2-3 earliest signs.

G.

Ok, let’s roll our sleeves…

1. Naked chart is not the way to go. You already admitted that you use some sort of Bull/Bear in some trials – and that’s NOT naked chart.

2. “Currency Strength” indicator should have PREDICTIVE nature (at least on smaller TF’s).

3. Based on #2 above – it can’t use standard MA’s, CCI, WPR, etc. – because (lagging,…[Read more]

Ok, let’s roll our sleeves…

1. Naked chart is not the way to go. You already admitted that you use some sort of Bull/Bear in some trials – and that’s NOT naked chart.

2. “Currency Strength” indicator should have PREDICTIVE nature (at least on smaller TF’s).

3. Based on #2 above – it can’t use standard MA’s, CCI, WPR, etc. – because (lagging,…[Read more]

I’m not here to enforce any rules. As we know, this thread is for talking about currency strength. We can have another discussion elsewhere on naked charts vs something else but its a discussion that I would rather not have because it comes down to personal preference and what one is good with. I can write a long page proving my point but all…[Read more]

The price chart or “indicator” have ONLY two things to show you:

Price on the Y axis and Time on the X axis – per currency pair.

“Price” is your “friend”,

“Time” is your “Enemy”.

That’s too little info to trade. ALL standard indicators are just following the price, and lagging.

In order to gain more info to trade with more confident you…[Read more]

I suggest you waste your time trying all possible combinations of that CC indicator. It’s easy to do with MT4 optimization, and try to come up with EXACT match.

That’s going to be very fruitfull, contributing, and a step forward for this discussion…

On a more serious note, and to that forum subject (at last…):

I drew some…[Read more]

I suggest you waste your time trying all possible combinations of that CC indicator. It’s easy to do with MT4 optimization, and come up with EXACT match.

That’s going to be very fruitfull, contributing, and a step forward for this discussion…

On a more serious note, and to that forum subject (at last…):

I drew some…[Read more]

I suggest you waste your time trying all possible combinations of that CC indicator. It’s easy to do with MT4 optimization, and come up with EXACT match.

That’s going to be very fruitfull, contributing, and a step forward for this discussion…

On a more serious note, and to that forum subject (at last…):

I drew some…[Read more]

I suggest you waste your time trying all possible combinations of that CC indicator. It’s easy to do with MT4 optimization, and come up with EXACT match.

That’s going to be very fruitfull, contributing, and a step forward for this discussion…

On a more serious note, and to that forum subject (at last…):

I drew some…[Read more]

You know that indicator got a couple of settings
just need to change MA settings and you will end up with different results.. anyways, I’m done arguing about this. Arguments can lose friendships and lets not go there 

Man, you are one funny guy, you know that indicator got a couple of settings, just need to change MA settings and you will end up with different results.. anyways, I’m done arguing about this. You win my friend

Yes, of course I completely agree. I never said that it isn’t an indicator. Therefore its the only indicator that I need unless there is an indicator that can tell me something more than what this indicator already tells me. If you got something, I would love to see it.. mind sharing it?

LearnAlways,

You should setup this indie at the start of a day or start of a session (broker’s time) to work properly.

“Market Profile” or “Market Statistics” & VWAP is too big subject, with many details, to explain here.

Good (and entertaining …) videos on the subject can be found here (mostly SWF…[Read more]